hobgoblin vs evil spirit

hobgoblin and evil spirit both are nouns.

Word	Noun	Adjective	Verb	Adverb
hobgoblin	Yes	No	No	No
evil spirit	Yes	No	No	No

As nouns, evil spirit is a hypernym of hobgoblin; that is, evil spirit is a word with a broader meaning than hobgoblin:

hobgoblin: (folklore) a small grotesque supernatural creature that makes trouble for human beings
evil spirit: a spirit tending to cause harm

hobgoblin (noun)	evil spirit (noun)
an object of dread or apprehension	a spirit tending to cause harm
(folklore) a small grotesque supernatural creature that makes trouble for human beings